Gold Fields (JSE:GFI) Cash-to-Debt : 0.39 (As of Dec. 2023)

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What is Gold Fields Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Gold Fields's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.39.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Gold Fields couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Gold Fields's Cash-to-Debt or its related term are showing as below:

JSE:GFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.28 Max: 0.52
Current: 0.39

During the past 13 years, Gold Fields's highest Cash to Debt Ratio was 0.52. The lowest was 0.11. And the median was 0.28.

JSE:GFI's Cash-to-Debt is ranked worse than
78.22% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs JSE:GFI: 0.39

Gold Fields Cash-to-Debt Historical Data

The historical data trend for Gold Fields's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Gold Fields Cash-to-Debt Chart

Gold Fields Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.45

0.35

0.52

0.39

Gold Fields Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.46	0.52	0.39	0.39

Competitive Comparison of Gold Fields's Cash-to-Debt

For the Gold subindustry, Gold Fields's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gold Fields's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Fields's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gold Fields's Cash-to-Debt falls into.

Gold Fields Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Gold Fields's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12087.097	/	(12293.921	+	18876.89)
	=	0.39

Gold Fields's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12087.097	/	(12293.921	+	18876.89)
	=	0.39

Gold Fields (JSE:GFI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Gold Fields Cash-to-Debt Related Terms

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Gold Fields (JSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Fields Ltd (JSE:GFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GFIOF:USA GFI:USA EDGA:Germany G1FI34:Brazil GFI:Argentina

Address

150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.goldfields.com

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.